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Articles - real estate investments

JLL: Real estate investors are considering Romania, but are careful regarding the political situation and corruption

The good macroeconomic situation of Romania is known by the foreign real estate investors, present at MIPIM, one of the world’s largest real estate events. However the immergence of the politics to justice, the corruption, the long terms of commercial related trials, as well as the timid presence of the local investors on the Romanian real estate market are among their concerns when thinking about investing in Romania, according to a JLL study.

Investments in renovation of historical buildings in Bucharest exceeded EUR 100 million in the last three years

Between 2015 and 2016 the number of investors have increased, investors interested in buying old historical buildings situated in central areas, which are renovating them to international standards and put them into the commercial circuit. In the last three years, foreign as well as Romanian investors bought old properties in central Bucharest and renovated them with budgets of more than EUR 100 million.

Real estate mixed-use project in Cluj-Napoca to be completed in December

The real estate project Platinia, developed by the businessman Sile Puşcaş on the former platform of the Ursus beer factory in Cluj-Napoca, will be completed in December 2016, the total investment reaching nearly EUR 40 million.

Zacaria Group invests EUR 20 million in a new residential project in Bucharest

Real estate developer Zacaria Group enters the Romanian residential market with an investment of EUR 20 million in a project which includes 280 units situated in northern Bucharest.

S Immo AG's Sun Plaza Shopping Center to undertake massive transformation

Six years after it opened its doors in the South of Bucharest, Sun Plaza Shopping Center is ready for a new challenge: a refurbishment process that will significantly improve the retail mix and shop count.

The hottest week in Romanian real-estate. Five projects of EUR 250 million announced in two days

„Romania is “hot” again in terms of real estate investments. Looking at the projects, you can see companies with no new projects in a while, which are starting now. We see Skanska currently developing new projects but we also see Romania starting to attract other investors “, said Andrew Peirson, managing director of JLL for SEE and Romania.

Veranda shopping center signs EUR 25.5 million financing deal

The Veranda shopping center, in the Obor area of Bucharest, signed a EUR 25.5 million financing deal with Raiffeisen Bank SA and Raiffeisen Bank International AG for the development of the project in the next period of time, according to a company press release.

NEPI to deliver 8,400 sqm office project in Bucharest this summer

Aviatorilor 8 (project former known as Victoriei Office), an office building in Bucharest’s Victoriei Square with a GLA of 8,400 sqm, will be finalized during the third quarter of this year, according to developer NEPI (New Europe Property Investments).

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